4225 23RD AVE S MINNEAPOLIS MN 55407

PID: 1202824310007

Property Overview

Parcel ID1202824310007

Lot Size7,393 sq ft (0.170 ac)

Lot Dimensions (est.)164 ft wide × 45 ft deep

Year Built1938

Property ClassRESIDENTIAL

OwnerS B ROSE & R A VON STERNBERG

Assessed Value$479,300

Land Value$172,000

Building Value$307,300

Annual Tax$7,344

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2019 · $63K total declared value · Most recent: Dec 2023 (res)

ResDec 2023Closed

4Front Energy Solutions Inc

ExistresNov 2023Closed

4Front Energy Solutions Inc

RemodelNov 2023Closed

$47K

HANSON REMODELING

ResOct 2022Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

MiscMay 2022Closed

$5K

KAUFMAN SHEET METAL ROOFING INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Standish · Minneapolis

Median reported rent1,387/mo

Renter-occupied12.2%

Median home value$296K

Vacancy rate5.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1102

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width35 ft

Buildable depth124 ft

Area~4,349 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 4,349 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4229 23RD AVE S MINNEAPOLIS MN 55407	JOHN BULL & MARIANNE BULL	RESIDENTIAL	$398,200	45 ft
4221 23RD AVE S MINNEAPOLIS MN 55407	JOHN R & LUISA C FOSE	RESIDENTIAL	$466,400	45 ft
4233 23RD AVE S MINNEAPOLIS MN 55407	MELISSA S PFANNENSTIEL	RESIDENTIAL	$510,500	90 ft
4217 23RD AVE S MINNEAPOLIS MN 55407	T HILLEBRAND/A K HILLEBRAND	RESIDENTIAL	$479,600	90 ft
4215 23RD AVE S MINNEAPOLIS MN 55407	PATRICIA MARIE HEALY JANSSEN	RESIDENTIAL	$445,600	135 ft
4237 23RD AVE S MINNEAPOLIS MN 55407	E JOHNSON & B JOHNSON	RESIDENTIAL	$470,700	138 ft
4228 24TH AVE S MINNEAPOLIS MN 55406	GABRIELLE MORTON	RESIDENTIAL	$345,000	141 ft
4224 24TH AVE S MINNEAPOLIS MN 55406	MELISSA CHELSEA PINKA	RESIDENTIAL	$318,700	146 ft
4232 24TH AVE S MINNEAPOLIS MN 55406	ALIX NICHOLS	RESIDENTIAL	$323,000	147 ft
4220 24TH AVE S MINNEAPOLIS MN 55406	JOLENE MCCREADY	RESIDENTIAL	$271,300	162 ft

Property History

Most Recent Sale

Date199309

Price$71,939

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,344